At Rs 1.87 Lakh Crore, GST Collection For April 2023 Is Highest Ever | Sharefundss
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At Rs 1.87 Lakh Crore, GST Collection For April 2023 Is Highest Ever

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The goods and services tax (GST) revenue collection for April 2023 was the highest-ever at Rs 1.87 lakh crore, the government said today.

Last month’s gross GST collection was more than the previous highest in April 2022 by Rs 19,495 crore – or 12 per cent higher than the GST collection year-on-year.

The centre collected Rs 68,228 crore on April 20 – the highest-ever single-day collection.

“The revenues for April 2023 are 12 per cent higher than the GST revenues in the same month last year,” the government’s Press Information Bureau said in a statement.

“During the month, the revenues from domestic transactions (including import of services) were 16 per cent higher than the revenues from these sources during the same month last year,” it said.

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